Alex Yankus And with that I'll turn the call over to David. Thanks. David Finkelstein is Chief Executive Officer and a Board Director of Annaly Capital Management.<br><br>David has 25 years of experience in fixed income investments. Our next question comes from Doug Harter with Credit Suisse. This button displays the currently selected search type. Annaly Capital Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Annaly Capital Management Inc, Stocks and cryptocurrency portfolio tracker. Mr. Reeves has served as Managing Director, Head of Private Capital Investments of Duchossois Capital Management (DCM) since 2017. David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's . in Finance from the University of Dayton. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Hey guys, this is actually Josh Bolton on for Doug. Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. Of note, while last quarter each of our credit meters providing an in-depth look at their respective markets and portfolios to be efficient, I'll provide those updates today but as Purvi noted each of our business heads are here as well to join in Q&A. This report is not for commercial use. from Loras College. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Executive Officer Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors March 16, 2020 07: . Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. Previously, Ms. Denahan served as Chief Executive Officer of Annaly from November 2012 to September 2015 and as Co-Chief Executive Officer of Annaly from October 2012 to November 2012. david finkelstein annaly compensation. Independent ChairAudit CommitteeNCG CommitteeRisk Committee. Financial Highlights GAAP net income (loss) of ($1.96) per average common share for the quarter; $3.93 per average common share for the full year 2022 Earnings available for distribution [] We maintained the view that the agency sector represents the most attractive investment opportunity currently while also providing strong liquidity. ANNALY CAPITAL MANAGEMENT Compensation by Company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mr. Green holds a B.A. Chief Corporate OfficerChief Legal Officer. You may now disconnect. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. Despite the challenging environment, we're pleased with how the portfolio has performed during the period ending the quarter essentially unchanged at $2.2 billion in assets. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice. Right. Thank you. No, I think I understand. in Finance from Florida State University. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. Annaly Capital Management, Inc. (NYSE:NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Purvi Kamdar - Head, IR David Finkelstein - CEO & Chief. California Weighs $360,000 in Reparations to Eligible Black Residents. As an internally managed REIT, we look forward to demonstrating increased transparency and alignment with our shareholders who will benefit from our ability to be more nimble in the way we do business in order to generate long-term value. The estimated net worth of David L. Finkelstein is at least $33.93 million as of June 17th, 2022. Mr. Haylon has served as a Managing Director at Conning, Inc. since January 2012 and previously served as Head of Asset Management Sales, Products and Marketing from December 2014 until June 2018 and as Head of Investment Products from January 2012 until December 2014. Learn More on David L. Finkelstein's salary. Ms. Bovich has over 30 years of investment management experience lastly serving as a Managing Director of Morgan Stanley Investment Management from 1993 through 2010. Ms. Wolfe held a variety of roles across industries since beginning her career at E&Y in 1998, including most recently as EYs Central Region Real Estate Hospitality & Construction leader since 2017. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. Now with respect to our hedges, we added to our swap portfolio primarily in the front end and short-term swaps with pay rates close to 0% providing attractive hedge to our financing. Learn More about David L. Finkelstein's net worth. Glenn has been an invaluable part of our leadership team and we thank him for his numerous contributions over the years and look forward to his continuing service on our board. Wallmine is a radically better financial terminal. In credit as we've said, we like our portfolio. And as a consequence of that portfolio, we did see a fair amount of appreciation in those pools in the second quarter as markets stabilize and that is one of the risks I think going forward. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . As Chief Executive Officer, President and Director at ANNALY CAPITAL MANAGEMENT, David L. Finkelstein made $9,138,764 in total compensation. He served as Senior Advisor to Annaly from March 2020 to August 2020 after serving as Interim Chief Executive Officer and President of Annaly from November 2019 to March 2020. There are 11 older and 9 younger executives at Annaly Capital Management Inc. Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. Please go ahead. These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. The most recent insider tranaction occured on June, 17th when CEO David L Finkelstein bought 200,000 shares worth more than $1,112,000.00. Mr. Finkelstein has 25 years of experience in fixed income investments. Prior to Barclays, Mr. Hamilton held various Managing Director roles at Citigroup, Inc. and Salomon Brothers, Inc., where he began his career. Chart Data in Insider Trading History Table. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. Trustee. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. Mr. Haylon has previously served on the boards of Aberdeen Asset Management and Phoenix Investment Partners. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. Participants on this morning's call include David Finkelstein, Chief Executive Officer and Chief Investment Officer; Serena Wolfe, Chief Financial Officer; Mike Fania, Head of Residential Credit; Tim Gallagher, Head of Commercial Real Estate; Tim Coffey, Chief Credit Officer and Ilker Ertas, Head of Securitized Products. We continue to be impressed by the resiliency of our workforce and the exemplary service that our IT infrastructure team has provided to every one of us during the time of remote work. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Financial Highlights GAAP net income of $1.37 per average common share for the quarter Earnings available for distribution ("EAD") of $0.28 per average common share for the quarter; unchanged from the prior . He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. Look, first of all I'll talk about the footprint and agency derivatives for example and what we're talking about here Eric is the difference between balance sheet leverage and instructional leverage. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Thanks for joining us today and we'll talk to you soon. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Hey how much did TBAs add to your net interest margin for the quarter? So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. Audit Committee (Chair)Management Development and Compensation CommitteeNCG Committee. Nov 07, 2016. I am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. During this call, we may present both GAAP and non-GAAP financial measures. From September 2010 to December 2011, Mr. Haylon served as Head of Investment Product Management at General Re New England Asset Management. Learn More on David L. Finkelstein's trading history. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. Mr. Campbell also worked at General Electric Capital Corporation and D.B. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mr. Campbell received a B.B.A. You may also find the annual proxy statement by going directly to the company's website. Yeah that's great. 2020. Mr. Campbell previously served as Head of Business Operations of Annaly and has over 25 years of experience in financial services. From 2013 until September 2020, Mr. Hamilton also served as Con Forms President and Chief Executive Officer. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks.